TEN Q2 FY26 net income more than doubles to $139.3 million; revenue rises 54% to $298.4 million - TEN News | RalliesTEN Q2 FY26 net income more than doubles to $139.3 million; revenue rises 54% to $298.4 million
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TEN• Cash, debt and fleet updates
- Cash grew to USD 466.1 million at June 30, while bank debt increased to USD 2 billion as the fleet expanded.
- Delivered DP2 shuttle tanker Anfield DP with a 10-year charter; sold two 2006-built suezmax tankers for USD 100 million.
Q2 earnings and revenue jump
- TEN posted Q2 net income attributable to shareholders of USD 139.3 million, more than doubled from a year earlier.
- Revenue climbed 54% year over year to USD 298.4 million, supported by average TCE of USD 46,100 per vessel day.
- First-half net income attributable to shareholders rose to USD 228.1 million, up 318%, as revenue increased 41.25% to USD 551.4 million.
